By my estimates, average FUM over the half (vs pcp) is up ~18% (Using start and end point metrics for each half - I missed some months)
I also didn't include SMA/IMA figures, but have assumed they're flat over the half (which is likely untrue)
Even a 10% FUM increase would be significant given the operating leverage in the business.
Should be a good result - with perhaps some one offs relating to compliance for any Venture Egg issues (FID did not provide the license, so not a huge concern)
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